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Gold/Mining/Energy : Kensington Resources Ltd. (V.KRT) * Diamond in the rough!

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To: I_C_Deadpeople who wrote (1938)6/8/1998 7:14:00 PM
From: Lilian Debray  Read Replies (1) of 5206
 
Shares for Debt - News Release

PAN ASIA MINING CORP. ("PAR") - Shares for Debt The Vancouver Stock
Exchange has accepted for filing the first tranche of the Company's
proposal to issue 706,880 shares at a price of $0.40 per share to
settle outstanding debt as follows:

Creditor Price Shares Amount Owing

Kensington Resources Ltd. 0.40 87,500 35,000.00

The Company shall issue a news release when the shares are issued and
the debt extinguished.
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